Upfront

Hiranandani Hospital hands over a Hospital to Fortis

Fortis Healthcare Pvt Ltd has recently taken over management control of the upcoming 150-bed multi-specialty tertiary care hospital of the Hiranandani Group, which is building the hospital in a Public Private Partnership with Navi Mumbai Municipal Corporation.

The Hiranandani Group continues with management of its other two hospitals: the 130-bed tertiary and quaternary care hospital at Powai and another one at Thane, which is a small secondary care hospital.

Hiranandani Healthcare initiative is also moving ahead to develop several new projects in Mumbai and Western and Southern regions of India. These new initiatives will have associations with the leading healthcare groups on a project-to-project basis.

The road map is to be able to commission at least 10 hospitals in the next decade. The Group is confident of being able to achieve such an ambitious target, as it has been able to finish all the three mentioned projects in record time. Its core competence being real estate development.

To optimise the project cost and ensure faster returns on investment, Hiranandani is exploring the possibility of replicating the model at Navi Mumbai. It firmly believes that larger number of healthcare facilities is required in the country and such models would encourage financial institutions and business houses to invest in these projects.

The spin off, of such a business model would see hospitals that emulate international standards. The hospitals will be professionally managed by the best in the business. This will make healthcare available, accessible and affordable as the project costs will be low, the benefits of which will be passed on to the patients.

EH News Bureau